Vanguard Group Inc. Has $1.89 Billion Position in Evergy, Inc. (NASDAQ:EVRG)

Vanguard Group Inc. boosted its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,665,885 shares of the company's stock after buying an additional 221,086 shares during the period. Vanguard Group Inc. owned 13.33% of Evergy worth $1,887,485,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in shares of Evergy by 391.1% in the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company's stock valued at $6,030,000 after acquiring an additional 77,398 shares in the last quarter. Allworth Financial LP lifted its position in Evergy by 84.6% in the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company's stock worth $501,000 after purchasing an additional 3,654 shares during the period. SBI Securities Co. Ltd. bought a new position in Evergy during the 4th quarter valued at $49,000. Bank of Montreal Can boosted its stake in Evergy by 29.1% during the 3rd quarter. Bank of Montreal Can now owns 997,832 shares of the company's stock valued at $61,806,000 after purchasing an additional 224,679 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Evergy by 34.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company's stock valued at $58,609,000 after purchasing an additional 239,599 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Wall Street Analyst Weigh In

EVRG has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays lifted their price target on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $69.08.

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Evergy Trading Up 1.6 %

Shares of NASDAQ:EVRG traded up $1.08 during mid-day trading on Monday, hitting $68.95. The stock had a trading volume of 2,530,210 shares, compared to its average volume of 1,906,932. The company's 50 day moving average is $66.37 and its 200-day moving average is $63.40. Evergy, Inc. has a 12-month low of $49.55 and a 12-month high of $69.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market cap of $15.86 billion, a PE ratio of 18.64, a P/E/G ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. On average, sell-side analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's dividend payout ratio (DPR) is presently 70.45%.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.